A company just starting business made the following four inventory purchases in June:
June 1 150 units for $780
June 10 200 units for $1,170
June 15 200 units for $1,260
June 28 150 units for $990
The total value of the units purchased in June was $4,200.
A physical count of merchandise inventory on June 30 reveals that there are 400 units on hand.
Using the LIFO inventory method, the value of the ENDING INVENTORY on June 30 is
Question options:
$1,657.50.
$1,935.
$2,542.50.
$2,265.